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Credit or Debit card

Total questions: 13

Worksheet time: 7mins

Name
Class
Date
1.

You buy groceries with a card. The money comes directly from your bank account.

a)

Credit card

b)

Debit card

c)

Both

2.

Ryan wants to buy a new phone but does not have enough money. Which is NOT an option for Ryan?

a)

Use his credit card to pay for the phone now.

b)

Use a debit card to pay for the phone now.

c)

Save money and use his debit card to pay for a phone at a later date.

d)

Save money and write a check to pay for a phone at a later date.

3.

You use a PIN to make a purchase and withdraw money from an ATM.

a)

Credit card

b)

Debit card

c)

Both

4.

Purchases with this card can be paid over time.

a)

Credit card

b)

Debit card

c)

Both

5.

To avoid carrying cash, Ned pays for his lunch using this card. Each time he uses this card his checking account decreases. Which card did he use?

a)

Credit card

b)

Debit card

c)

Both

6.

You use this card to purchase items in a store.

a)

Credit card

b)

Debit card

c)

Both

7.

You purchase shoes with a card. There isn't enough money in your account and you are charged an overdraft fee.

a)

Credit card

b)

Debit card

c)

Both

8.

What is an advantage of using a debit card instead of a credit card to pay for a purchase?

a)

a debit card allows you to pay for a purchase over time

b)

a debit card builds your credit history if used responsibly

c)

a debit card pulls money directly from your checking account so it's more difficult to overspend

d)

a debit card is never an advantage over a credit card

9.

Mrs. Brady took her family out to eat. She handed the waitress a card to purchase the meal. This charge appeared on a bill that she paid three weeks later. Which card did she use?

a)

Credit card

b)

Debit card

c)

Both

10.

You apply to get this card and are approved with a spending limit.

a)

Credit card

b)

Debit card

c)

Both

11.

You miss a payment on the card and are charged a late fee.

a)

Credit card

b)

Debit card

c)

Both

12.

You lose this card and need to report it lost and get a new one.

a)

Credit card

b)

Debit card

c)

Both

13.

Eric purchased a movie ticket with his card. This money will come straight out of his checking account. Which card did he use

a)

Credit card

b)

Debit card

c)

Both